Taxation and “The Law of the Market”

R. A. Rayman

Chapter 15 in Toxic Economic Theory, Fraudulent Accounting Standards, and the Bankruptcy of Economic Policy, 2013, pp 149-159 from Palgrave Macmillan

Abstract: Abstract In the market place, buyers are normally charged, not according to their ability to pay, but according to the market value of what they buy. No means test is carried out when shoppers buy groceries, nor is any investigation made into their personal wealth. Yet, in the queues at the supermarket check-outs, there is no outcry against the same prices being charged to rich and poor alike without regard to financial circumstances. You pay for what you get; that is the Law of the Market.

Keywords: Corporate Taxation; Insurance Premium; Actual Expenditure; Taxable Consumption; Indirect Taxation (search for similar items in EconPapers)
Date: 2013
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DOI: 10.1007/978-1-137-30450-6_15

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